Calamos Wealth Management LLC Sells 50,400 Shares of Nu Holdings Ltd. $NU

Calamos Wealth Management LLC decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,631 shares of the company’s stock after selling 50,400 shares during the period. Calamos Wealth Management LLC’s holdings in NU were worth $7,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LOM Asset Management Ltd bought a new position in NU during the 4th quarter valued at approximately $25,000. Jordan Park Group LLC raised its position in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares during the last quarter. VSM Wealth Advisory LLC raised its position in NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Allworth Financial LP raised its position in NU by 36.1% during the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock valued at $56,000 after purchasing an additional 926 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.5%

NU stock opened at $14.53 on Friday. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The business’s 50 day moving average price is $14.93 and its two-hundred day moving average price is $16.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $70.53 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.10.

NU (NYSE:NU) last posted its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. As a group, analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on NU shares. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and upped their target price for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, CICC Research started coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.46.

Insider Buying and Selling at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.